Persumma Offers Flat Fee for Administration

January 8, 2001 ( - Persumma Financial will charge a flat monthly fee of $12.99/employee per month for all participant administrative services, including online advice.

The pricing structure “unbundles” a common 401(k) pricing structure where investment management and administrative charges are combined in an asset-based fee. 

Participants in Persumma’s program still incur asset-based investment management charges on investment funds chosen by the participant.

The monthly fee covers participant access to :

  • Morningstar Classic Portfolios, fund allocation models designed by Morningstar
  • Morningstar ClearFuture online advice
  • Educational tools from and Morningstar
  • No-fee loans
  • No-fee distributions
  • Unrestricted investment choice
  • Personalized alerts
  • Access to brokerage services
  • Round the clock customer service and technical support